SCHV vs MGV: Holdings Overlap
SCHVSchwab U.S. Large-Cap Value ETF
Schwab · 555 holdings · $16.1B · as of 2026-05-31
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · as of 2026-05-31
How similar are SCHV and MGV?
Schwab U.S. Large-Cap Value ETF (SCHV, by Schwab) holds 555 positions; Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120. They have 99 holdings in common, and by portfolio weight the two funds are 59.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 99SCHV holds 555 · MGV holds 120
- Weight in Shared Holdings
- SCHV 60%·MGV 85%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SCHV
456 of 555 positions (39.6% of the fund) are not held by MGV. Showing the top 30 by weight.
Sector Breakdown
| Sector | SCHV | MGV |
|---|---|---|
| Financials | 18.9% | 21.6% |
| Information Technology | 21.3% | 18.0% |
| Health Care | 10.8% | 15.9% |
| Industrials | 14.0% | 13.6% |
| Consumer Staples | 8.3% | 11.0% |
| Other Sectors | 26.4% | 18.3% |
| Unclassified | 0.0% | 1.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of SCHV, 1% of MGV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHV | +1.5% | +18.8% | +27.7% | +17.6% | +10.9% | +11.4% | 1.75% |
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SCHV vs MGV →
Shared Holdings(99)
The top 10 shared positions account for 34% of the overlap, led by MU, BRK-B and JPM.
 MUMicron Technology Inc. COM | 3.54% | 5.26% | 3.54% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 2.82% | 3.15% | 2.82% |
 JPMJPMorgan Chase & Co. COM | 2.62% | 3.64% | 2.62% |
 XOMExxon Mobil Corp. COM | 1.97% | 2.91% | 1.97% |
 JNJJohnson & Johnson COM | 1.76% | 2.61% | 1.76% |
 INTCIntel Corporation COM | 1.75% | 2.20% | 1.75% |
 WMTWalmart Inc COM | 1.65% | 2.44% | 1.65% |
 CSCOCisco Systems, Inc. COM | 1.54% | 2.06% | 1.54% |
 CATCaterpillar Inc COM | 1.32% | 1.96% | 1.32% |
 ABBVAbbVie Inc. COM | 1.25% | 1.85% | 1.25% |
 AMATApplied Materials Inc. COM | 1.16% | 1.72% | 1.16% |
 BACBank of America Corp. COM | 1.11% | 1.60% | 1.11% |
 CVXChevron Corp. COM | 1.11% | 1.66% | 1.11% |
 PGThe Procter & Gamble Co. COM | 1.08% | 1.60% | 1.08% |
 HDHome Depot, Inc. (The) | 1.02% | 1.52% | 1.02% |
 GSGoldman Sachs Group, Inc. (The) | 1.00% | 1.39% | 1.00% |
 KOCoca-Cola Co (The) COM | 0.99% | 1.31% | 0.99% |
 MRKMerck & Co., Inc COM | 0.96% | 1.41% | 0.96% |
 IBMInternational Business Machines Corp. COM | 0.90% | 1.34% | 0.90% |
 TXNTexas Instruments Inc. COM | 0.90% | 1.33% | 0.90% |
 PMPhilip Morris International Inc. COM | 0.90% | 1.33% | 0.90% |
 QCOMQUALCOMM Inc. COM | 0.87% | 1.29% | 0.87% |
 MSMorgan Stanley COM NEW | 0.81% | 1.19% | 0.81% |
 RTXRTX Corp. COM | 0.78% | 1.16% | 0.78% |
 WFCWells Fargo & Co. COM | 0.78% | 1.15% | 0.78% |
Frequently Asked Questions
How much do SCHV and MGV overlap?
SCHV and MGV overlap by 59.6% of portfolio weight. They share 99 holdings (SCHV holds 555 positions and MGV holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHV and MGV?
The two portfolios are 59.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SCHV and MGV?
The largest positions held by both funds are MU, BRK-B, JPM, XOM and JNJ. Together the top 10 shared positions account for 34% of the total overlap.
What does SCHV own that MGV doesn't?
456 positions (39.6% of SCHV) are unique to SCHV, led by LRCX, ORCL and STX. In the other direction, 21 positions (14.5% of MGV) are unique to MGV.